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Nationwide has announced that it is cutting the rate of some of its personal loans to 6.2%, a new low for the building society and now the lowest rate in the UK. The high street lender has said however that only those who hold a main current account with the Nationwide will be eligible for this . . . → Read More: Nationwide cuts personal loan rates  Aqua Card, one of the leading credit card providers for those with bad credit has announced a new infographic this week that is aimed at helping the general public understand their credit rating better. The graphic was designed to help Britons see just what can affect a credit rating, the actual formula that credit agencies use . . . → Read More: Aqua Card wants to educate people about credit ratings A guide for first-time buyers has been released on a tablet friendly format by Nationwide. The document is available online and is being launched at the same time as a YouTube video which is helping new buyers to understand the mortgage process, and it avoids the confusing jargon that litters the mortgage industry. The building society have . . . → Read More: Richard Kirby helping new buyers to understand the mortgage process It would seem on the surface of things that when you consider that the amount people are withdrawing from the equity of their homes is decreasing and that people are paying off their mortgages. This is a rather sensible thing to do in times of uncertainty, but if you look at the data more closely it . . . → Read More: Many people paying off their debts to the tune of £6 billion New research from the UK’s leading comparison website, MoneySupermarket.com has revealed that 27% of Brits, or one in four of the population, currently spend over 40% of their wages paying non-mortgage debts. The average amount of debt paid each month is £322 per person. These figures effectively mean that a large amount of the British public . . . → Read More: Over 40% of people’s wages go towards paying non-mortgage debts Protecting your identity is very important, especially when it comes to finances. This is even more so in a time when we are all facing a poor economy. The fact that there are less jobs available has meant that financial crime is on the up as people try to make money any way they can. As . . . → Read More: Protecting your identity when investing and making transactions The China Consumer Fund, directed by Raymond Ma, is to be brought to the United Kingdom by Fidelity International, due to increased demand for this offshore investment product. The £110 million approach, linked to the MSCI China index, purchases stocks from companies listed in Hong Kong, Taiwan and China, which sell commodities directly to Chinese people rather . . . → Read More: China Consumer Fund links with Fidelity International Something is wrong with the UK’s asset management strategy, and it’s costing investors. The recent 2011 survey by the Investment Management Association shows that invested funds have grown significantly in the past decade, but so have management fees. This behaviour seems to fly in the face of one of the basic tenets of economics, called economics . . . → Read More: Asset management strategy not working A study called ‘Your Commitments, Your Future’ which was developed by the psychologist Prof. Janet Riebstein, which looks in to the nature of commitment, has been published by Standard Life. It has revealed that 35-44 is the peak age bracket for financial and emotional commitment, and people spend an average of £1160 a month on their . . . → Read More: 35 years of age is when peak commitment begins according to Standard Life The current residential mortgage market, with lenders exercising caution and buyers typically short of cash resources, is proving to be somewhat of a boon for owners of buy-to-let properties. It is difficult for first-time buyers especially, as they have no equity in real property to trade on and the deposit required to get an affordable home . . . → Read More: Owners of buy-to-let properties benefiting from the downturn |
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